This paper considers the optimal consumption and investment policy for an investor who has available one bank account paying a fixed interest rate r and n risky assets whose prices are log-normal diffusions. We suppose that transactions between the assets incur a cost proportional to the size of the
β¦ LIBER β¦
Equilibrium selection in a bargaining problem with transaction costs
β Scribed by U. Leopold-Wildburger
- Publisher
- Springer-Verlag
- Year
- 1985
- Tongue
- English
- Weight
- 895 KB
- Volume
- 14
- Category
- Article
- ISSN
- 0020-7276
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